A July report on retail real estate put out by Real Capital Analytics (RCA) notes that sales of retail properties worth $2.5 million or more amounted to just over $2 billion during the month, less than half of June's total and 20% lower than a year earlier. But there were a few deals which made real estate investors take notice.

The largest retail property sale closing in July was the buyout of a partner in a 123,000 square-foot retail condominium at 717 Fifth Avenue in Midtown Manhattan. Jeff Sutton, joint-venture partner with SL Green at the property, had owned 39.08% of the property and SL Green owned 60.92%. After this latest transaction, SL Green has 10.92% and Sutton has 89.08%, according to Ben Carlos Thypin, director of market analysis at RCA. The property was valued at well over $600 million, according to the RCA report.

Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.